The European Central Bank expectedly kept the interest rates unchanged

September 13, 2018 1:42 pmComments Off on The European Central Bank expectedly kept the interest rates unchanged
The European Central Bank expectedly kept the interest rates unchanged

The European Central Bank (ECB) expectedly kept the interest rates unchanged, but has signaled that net asset purchases will end in December only if macro data confirm its medium-term inflation expectations. This is clear from today’s decision of the ECB published on the institution’s website. At today’s meeting the ECB kept unchanged the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and […]

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Turkish lira appreciated by more than 5% country’s central bank raised interest rates

1:35 pmComments Off on Turkish lira appreciated by more than 5% country’s central bank raised interest rates
Turkish lira appreciated by more than 5% country’s central bank raised interest rates

The Turkish lira appreciated by more than 5% after the country’s central bank raised interest rates despite Turkish President Recep Tayyip Erdogan’s call to do the opposite to reduce credit costs. The currency offset an earlier decline after central bankers raised their key seven-day repo rate by 625 basis points to 24%. Earlier in the day, Erdogan criticized bankers for causing a depreciation of the currency. “The central bank is […]

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Business climate in Germany improved for the second consecutive month

September 12, 2018 9:51 amComments Off on Business climate in Germany improved for the second consecutive month
Business climate in Germany improved for the second consecutive month

German analysts and investors attitudes about the prospects for the country’s economy in the coming months improved in September for the second consecutive month, with a view to further weakening fears of a major trade war with the United States, according to a recent study of the European Economic Research Center Zew. The Zew index, measuring Germany’s future economic outlook for the next six months, rose by 3.1 points to […]

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Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

9:43 amComments Off on Mark Carney agreed to remain at the head of the Central Bank of England by January 2020
Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

Mark Carney has agreed to remain at the head of the Central Bank of England for another seven months, extending his mandate for the second time, to help the British economy run through the Brexit. British Finance Minister Philip Hammond has put an end to the speculation about the future of Mark Carney, telling MPs that he will not withdraw as planned in June 2019. “I have discussed with the […]

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Russia’s GDP grew by 1.9% yoy in Q2 2018

September 10, 2018 11:39 pmComments Off on Russia’s GDP grew by 1.9% yoy in Q2 2018
Russia’s GDP grew by 1.9% yoy in Q2 2018

The Russia’s GDP grew by 1.9% yoy in Q2 2018, compared with a preliminary growth estimate of 1.8% and an expansion of 1.3% in the first three months of the year. The stronger growth rate is mainly due to the profits made by hotels, the transport sector and restaurants due to the positive effect of the World Cup. In addition, the production and mining increased at a faster pace. The […]

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